Tax Increases Kick Projected Surplus Up to $101 Million

Posted on November 29, 2011. Filed under: Uncategorized |

According to the Hartford Courant, this year’s tax increases (the largest in state history) raised the state’s projected surplus to $101 million in the current fiscal year – reportedly enough to push the state back into the black.

While officials recognize that this number will likely change and the surplus will be dependent upon a number of factors (including the overwhelmingly positive response to the state employees’ healthcare “wellness” plan), Office of Policy and Management Secretary Ben Barnes was quoted that Connecticut is in a stronger position than New York. 

Read the article – and let us know what you think! Are things turning around? Are you feeling better?


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One Response to “Tax Increases Kick Projected Surplus Up to $101 Million”

RSS Feed for CPAs: Accounting for Connecticut's Future Comments RSS Feed

I think the reporters need to improve their understanding of the issues and report them on the front page as they have the CL&P matter. Senator Roraback has it right. The political class is playing games.

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